Premier Path Wealth Partners LLC Buys 52 Shares of Linde plc (NASDAQ:LIN)

Premier Path Wealth Partners LLC lifted its position in Linde plc (NASDAQ:LIN) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,813 shares of the basic materials company’s stock after acquiring an additional 52 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Linde were worth $1,178,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in Linde by 7.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,641 shares of the basic materials company’s stock worth $13,007,000 after acquiring an additional 2,004 shares during the last quarter. Waterloo Capital L.P. increased its position in Linde by 15.8% in the second quarter. Waterloo Capital L.P. now owns 908 shares of the basic materials company’s stock worth $398,000 after purchasing an additional 124 shares during the last quarter. Intech Investment Management LLC increased its position in Linde by 15.6% in the second quarter. Intech Investment Management LLC now owns 19,768 shares of the basic materials company’s stock worth $8,674,000 after purchasing an additional 2,670 shares during the last quarter. Brighton Jones LLC raised its stake in Linde by 6.1% during the second quarter. Brighton Jones LLC now owns 1,299 shares of the basic materials company’s stock valued at $570,000 after purchasing an additional 75 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in Linde by 12.7% during the second quarter. Ieq Capital LLC now owns 25,018 shares of the basic materials company’s stock valued at $10,978,000 after purchasing an additional 2,817 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Trading Up 0.8 %

NASDAQ LIN opened at $436.00 on Friday. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company’s 50-day moving average price is $437.32 and its 200-day moving average price is $452.77. The stock has a market cap of $207.61 billion, a PE ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the firm earned $3.63 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.